1968 339- 485 _ 1-8 to 4-15-1968

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383 Mr. James Reiter, Project Manager of DMJM, by an illustrated slide of the Redwood Shores area, reviewed work which had been completed since inception of the District and which was proposed for this year; - completion of first housing unit to contain 200 residential units and necessary local improvements, besides an additional 400 units proposed for future construction. He advised all of _ which improvements in 1968 would be funded from the Series "C" Bonds of some five million dollars, to which Leslie Properties, Inc., as owner -developer had agreed to add some three and one-half million dollars, or a total of some eight million dollars worth of construction work being funded for the coming year. He reviewed in detail reclamation and facilities work accomplished in past years totalling over four million, with Leslie Properties, Inc., as owner - developer funding some two million dollars of costs, and the five projects in progress or pending at this time totalling over a million dollars consisting of Belmont drain culvert, interior waterways control, dredging exterior waterway, Dredge B, levee improvements, and Belmont Drain channel improvements. He reviewed site preparation and utility work for housing unit #1, part of which had been funded by Series B for preliminary work, funds from sale of Series C Bonds to provide monies for water lines and street pavement for this first housing unit, extension of parkway system, landscaping, improving neigh- borhood and water front parks, totalling about 10 acres, and provide some district water storage facilities for entire Peninsula portion of project. Charles Wynn, Manager of Leslie Properties, Inc., advised 1968 would see be- ginning of residential construction and reported on approach having already been made by outstanding California builders with selection soon to be made of first of two builders who are to build model homes beginning this spring, price range of units to be from $27,000. He also advised of construction to begin on townhouse development on the waterway and the launching of anadvertising and merchandising campaign. He also advised of plans now in process for a Bayshore parkway which was to be a unique landmark with a 50' sculpture; re- viewed marina park restaurant proposals; neghborhood shopping center, and further development of land proposed for 1969 for additional townhouse and garden apart- ment area. City Manager reported Marine World construction proceedings on schedule for opening planned on July 4th, and that Mr. Baruh would appear personally at next month's Redwood Shores briefing to present the details of progress on this project. Questions were asked concerning cost of water service in Redwood Shores and if new planning had been made for Ralston Overpass. City Manager advised water supply to the project is covered by an interim supply agreement with Belmont and even if cost is a little excessive, no alternative possible at this time. Council will soon be presented with a proposed water and sewer rate schedule for Shores project, which would be different than that existing in City. He also advised he was unaware of any new planning for Ralston Interchange other than that which had F0 5 •68